Hawaii Self Storage Acquires Foreclosed Storage Facility

Hawaii Self Storage has acquired a second storage facility in Kapolei, Hawaii. No financial terms were disclosed for the former Aloha Island Self Storage facility, which was in foreclosure.

Hawaii Self Storage opened its first Kapolei facility in October. The acquired facility is the company’s first purchase of an existing storage property, according to Shaun Salvador, vice president of marketing and sales.

Hawaii Self Storage is locally owned by MW Group Ltd., a Hawaii property developer and manager, with more than 15 properties on Oahu and Maui.